Dneprovsky Metallurgical Plant, under DCH Group, achieves a remarkable 86.2% surge in rolled product output, reaching 105,600 metric tons in 2023. The metallurgical coke production also sees a notable 38.5% increase, totaling 292,700 metric tons. DMP's strategic focus on mining stands and ore rails, coupled with adherence to European standards, contributes to this growth. The surge in metallurgical coke production signifies a pivotal shift in the company's portfolio, meeting increased demand from Ukrainian metallurgical plants.
In a notable feat of industrial prowess, PJSC Dneprovsky Metallurgical Plant (DMP), a key player under Alexander Yaroslavsky's DCH Group, has demonstrated an exceptional performance in the year 2023. The metallurgical giant has effectively doubled its output of rolled products, soaring to an impressive 105,600 metric tons, marking an 86.2% increase from the previous year. Simultaneously, the production of metallurgical coke has experienced a substantial upswing, registering a noteworthy 38.5% surge, reaching a total of 292,700 metric tons.
The surge in production, as reported by Ukrainian media and detailed in the DCH Steel corporate publication, showcases DMP's commitment to operational excellence and meeting the demands of the metallurgical industry. Notably, the company witnessed a month-on-month reduction in rolled product output, standing at 5,200 metric tons in December 2023. However, this decline is overshadowed by the significant year-on-year increase and underscores the overall robust performance throughout the year.
DMP's strategic focus in the previous year was directed towards the manufacturing of mining stands, ore rails, and limited volumes of channels and angles tailored for the Ukrainian market. Additionally, the company reinstated the production of profiles conforming to European standards, signaling a commitment to quality and international benchmarks.
The corporate commentary from DCH Steel highlights a pivotal shift in DMP's product portfolio. Historically supplying bituminous coal coke, nut coke, and coke breeze primarily to ferroalloy plants in Ukraine, the company experienced a transformation in 2023. The spring saw a resurgence in metallurgical coke production, coupled with a significant increase in supplies to Ukrainian metallurgical plants. Metallurgical coke now dominates the order portfolios of coke producers, reflecting the changing dynamics of demand in the industry.
DMP, formed through the amalgamation of the former Petrovsky Dnepropetrovsk Metallurgical Plant and Dneprokoks, specializes in the production of semi-finished products and shaped-rolled products. The remarkable surge in production in 2023 marks a significant turnaround from the previous year, where rolled product output and coke production witnessed reductions of 74.2% and 56.3% year-on-year, respectively.
The resurgence in DMP's performance positions the plant as a key player in Ukraine's metallurgical landscape. The strategic alignment with European standards, coupled with increased metallurgical coke production, positions DMP for sustained growth and prominence in the global metallurgical arena.
Dneprovsky Metallurgical Plant's outstanding performance in 2023, marked by a substantial increase in rolled product and metallurgical coke production, underscores its resilience and strategic adaptability. The surge in demand for metallurgical coke from Ukrainian plants and the strategic focus on European standards position DMP as a formidable player in the evolving dynamics of the metallurgical industry.